Synovus Financial Corp Has $27.86 Million Holdings in Alphabet Inc Class A (GOOGL)

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Synovus Financial Corp grew its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,677 shares of the information services provider’s stock after buying an additional 472 shares during the period. Synovus Financial Corp’s holdings in Alphabet Inc Class A were worth $27,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. HC Financial Advisors Inc. acquired a new position in shares of Alphabet Inc Class A during the 4th quarter valued at $616,000. S&CO Inc. increased its position in shares of Alphabet Inc Class A by 2.5% during the 1st quarter. S&CO Inc. now owns 5,602 shares of the information services provider’s stock valued at $5,810,000 after purchasing an additional 139 shares during the period. Sentry Investment Management LLC increased its position in shares of Alphabet Inc Class A by 4.9% during the 1st quarter. Sentry Investment Management LLC now owns 25,342 shares of the information services provider’s stock valued at $26,283,000 after purchasing an additional 1,179 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Alphabet Inc Class A by 146.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 15,882 shares of the information services provider’s stock valued at $16,472,000 after purchasing an additional 9,432 shares during the period. Finally, Fulton Bank N.A. increased its position in shares of Alphabet Inc Class A by 4.2% during the 1st quarter. Fulton Bank N.A. now owns 5,075 shares of the information services provider’s stock valued at $5,264,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 33.53% of the company’s stock.

Several brokerages have recently issued reports on GOOGL. Zacks Investment Research cut Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. B. Riley raised their price objective on Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Credit Suisse Group raised their price objective on Alphabet Inc Class A from $1,375.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Friday. JMP Securities raised their price objective on Alphabet Inc Class A from $1,235.00 to $1,390.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 24th. Finally, Nomura started coverage on Alphabet Inc Class A in a research note on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,324.57.

Shares of Alphabet Inc Class A stock opened at $1,105.18 on Friday. The firm has a market capitalization of $764.09 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 12 month low of $977.08 and a 12 month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $2.24. The business had revenue of $26.24 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same quarter last year, the firm posted $5.01 earnings per share. As a group, analysts predict that Alphabet Inc Class A will post 42.78 earnings per share for the current fiscal year.

Alphabet Inc Class A Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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